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Bondholders snub GM, bankruptcy filing likely
Wed, 27 May 2009Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.
Toyota Auris Hybrid: UK Price & Details
Tue, 18 May 2010The Toyota Auris Hybrid UK starts at £19k and arrives in July Toyota has had more than their fair share of woes this year, what with the Throttlegate recalls and loss of confidence in Toyota as a result, not just by buyers but by investors. But Toyota are fighting back and pushing ahead with their ‘Green Dream’ of delivering a hybrid for every occasion (we ask every time, but why?) and have now confirmed trim and price for the UK-built Toyota Auris Hybrid. Starting price – when the Auris Hybrid hits the market in the UK in July – will be £18,950.
Who's Where: Christopher Svensson and Joel Piaskowski swap roles at Ford
Wed, 03 Apr 2013Ford's Christopher Svensson and Joel Piaskowski have swapped roles, with Svensson becoming exterior design director, The Americas, and Piaskowski director of design, Asia Pacific. Svensson, who will report directly to Moray Callum, Ford's executive design director, The Americas, is based in the carmaker's Dearborn studio. He oversees the exterior design team responsible for developing new products in the North and South American regions as well as supporting Ford's global design.